This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 110 m² on the 3rd floor, built in 1991, energy rating C. Located on rua Luís Serrão Pimentel, 3, Almada, Cova da Piedade, Pragal e Cacilhas parish, Almada municipality, Setúbal district. This apartment features two fronts that ensure ample natural light and unobstructed city views, enhancing the living experience significantly.
The valuation. The asking price of €357,500 sits €32,667 (9.1%) above the fair value of €324,833. This property is considered overpriced based on current market conditions.
Fair value modelled at €324,833 from the area baseline, adjusted for condition and location. Asking €357,500 sits €32,667 (9.1%) above — overpriced versus fair value.
Asking €357,500 versus the rua Luís Serrão Pimentel, 3 area baseline of €380,930 (€3,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 59/100 (Condition 55 · Materials 62 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 77/100 (Housing Market 80 · Amenities 75 · Economic 80 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Luís Serrão Pimentel, 3
Area baseline €380,930 + condition -€27,156 + location +€34,309 = modelled fair value of €324,833 (€2,953/m²), a €32,667 (9.1%) gap versus the €357,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Luís Serrão Pimentel, 3 | Subject | €357,500 | €3,250 | — | 55 | 77 |
| Charneca de Caparica e Sobreda · 93890e | Active | €339,000 | €3,531 | 8.7% | 62 | 80 |
| praça Professor Egas Moniz | Active | €349,500 | €2,888 | 11.1% | 60 | 76 |
| rua das Quintas | Active | €299,900 | €3,157 | 2.9% | 65 | 68 |
| rua Guilherme Coração | Active | €325,000 | €3,385 | 4.2% | 65 | 75 |
| Median comp | €332,000 | €3,271 | 0.6% | 64 | 76 |
Long-term rental While the property boasts a reasonable gross yield of 3.6%, its current listing price of €357,500 exceeds the fair value by 9.1%, making it a less attractive option for long-term rental investment. Additionally, the property's condition rating of 59/100 suggests that potential maintenance costs could further impact profitability. Family rental Despite the appealing location and good neighborhood score of 77/100, the apartment is overpriced at €357,500 compared to its fair value of €324,833, leading to a potential mismatch for family rental prospects. The suburban character may attract families, but the high entry price could deter potential tenants seeking affordability. Buy-and-hold Although the property can fit within a buy-and-hold strategy given its suburban location with solid links to Lisbon, its current price point makes it overpriced relative to the fair value of €324,833. This could hinder long-term appreciation and yield potential for investors looking to maximize returns in the future.
Rent Default Risk The combination of a robust Economic stability score of 80/100 and a moderate Tenant stability score of 75/100 indicates a potential risk of rent defaults, as not all tenants may have strong financial backing despite a generally favorable economic environment.
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